President Donald Trump has signedan anti-government shutdown bill that will eliminate $12.7billion in Affordable Care Act health insurer fee taxes for2019.

The new “Extension of Continuing Appropriations Act, 2018″(ECAA) will also:

  • Give the federal government official permission to spend money,and continue with normal operations, until Feb. 8.
  • Extend funding for the Children's Health Insurance Program forsix years.
  • Push the scheduled start date of the ACA Cadillac plan tax, or 40% excise tax onhigh-cost employee health benefits packages, back to 2022, from2020.
  • Suspend collection of the ACA medical device tax for twoyears.

Congressional Budget Office analysts have predicted the healthinsurer tax and Cadillac plan provisions will reduce federalrevenue by a total of about $29 billion over 10 years.

A summary of the bill posted last week is available here.

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Allison Bell

Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.